The Colony Group, an independent wealth and business management firm with approximately $19 billion in assets under management, has bought Cooper Lapman Financial LLC, a registered investment adviser based in Boston, Mass.

Founded in 2009, Cooper Lapman works with high-net-worth individuals and families. Led by Miriam Cooper and Mark Lapman, the firm offers wealth management services and investment experience, creating portfolios for its clients. Cooper Lapman aims to expand Colony’s Boston presence through the addition of a team of experienced advisors. Colony will offer Cooper Lapman’s clients support and access to a range of wealth management services while also allowing the Cooper Lapman team to use Colony’s operational infrastructure as well as its service offering and investment capabilities.

“Our combination with the Colony Group positions our team to service our clients for many more years to come,” states Lapman.